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Salvadoran insurance sector grows slowly

Tuesday, July 30, 2013


The Salvadoran insurance sector is growing at a rate of 3 percent a year.

The slow growth rate is mainly due to regional competition, particularly from Costa Rica and Guatemala.

"The insurance sector is facing uncertainty, in a country where slow growth also affects investments, which don't always look for medium or long-term insurance policies," said Raúl Betancourt, director of the Salvadoran Insurance Association.



Source (in Spanish): El Salvador